Solana Double Deflation Proposal SGP-0002 Reaches Quorum Threshold with 68.56% Approval

KuCoinFlash

Release Time: 2026/08/28 02:43:06

SOL

$101.591.92%

Summary

Solana’s SGP-0002 double deflation proposal has surpassed the quorum threshold with 68.56% approval, according to interest rate news. Voter participation stands at 47.26%. The plan would double the annual deflation rate to 30%, halving the time required to reach a 1.5% terminal inflation rate. Inflation data suggests this could reduce SOL issuance by 18.9 million over six years. Voting closes in approximately 13 hours.

Odaily Planet Daily report: Solana’s double deflation proposal, SGP-0002, has reached the quorum threshold for voting. The current voter participation rate is 47.26%, with 68.56% voting in favor. Approximately 13 hours remain until the vote concludes.

The proposal aims to increase Solana's annual deflation rate from 15% to 30%, reducing the time required to reach a terminal inflation rate of 1.5% from approximately 5.7 years to about 2.8 years, and is expected to prevent the issuance of approximately 18.9 million SOL over the next six years.

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